South Korean automaker Hyundai Motor Group (HMG) announced that it plans to invest KRW 42 trillion (US$ 27.5 billion) in the next ten years to establish an advanced technology development hub in the country’s south-eastern Yeongnam region, with the aim of accelerating the development in AI-defined vehicles (AI-DVs) with Level 4 or higher automation, manufacturing AI, aerospace, and next-generation energy infrastructure.
https://www.just-auto.com/news/hyundai-confirms-us27bn-future-technology-investment/